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20121202
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Search Results 0 to 5 of about 6 (some duplicates have been removed)
cuts to go back to the clinton era rates for the wealthiest americans. maybe that means finding a really creative tax reform that eliminates deductions almost entirely for the wealthy. these are possible see teas. it's hard for me to imagine that either side is really hoping to go over the cliff at this point because they both know what it means for the economy and they are both worried about making that responsibility. at this point it doesn't make any sense to suggest that you're the one who is going to blink because that's going to put you sort of in the underposition of the negotiations. >> let me switch subjects completely because this is sort of the provocative headline. new york city mayor bloomberg called hillary clinton and said you should be my successor as mayor. how do you think that conversation went? i think being a mayor of new york city gives you an opportunity to imagine things that are possible but not in real life. i can imagine how hillary clinton would be enticed to take on that smaller stage after her staging as the nation and the world for the last decade.
forgets that president clinton raised taxes on the wealthy and created 22 million jobs. president bush cut taxes on the wealthy and created 1 million jobs. so his economic expertise is a little behind here. but the truth of the matter is, everybody voted in this election, the president said he would raise taxes on people earning over $250,000. that's what he's going to do. that's what's going to happen. he has the authority of an election behind him. running for office is a difficult thing to do, and the people that win the elections have a lot more moral authority than in a democracy than people who talk about elections. >> ryan, that does seem to be the point. republicans may not like it, but that wasn't what this election said american people want. the majority of them. >> i think it's certainly true you have a large number of americans, 60%, according to a "washington post" abc news poll who favor raising taxes on folks earning more than $250,000 a year. but there are a couple other things to keep in mind, as well. president obama often talks about returning to clinton era tax rates.
that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spending cuts, half from mandatory spending, half from discretionary spending. this is the other very interesting thing that's new. $200 billion from revising the consumer price index. that sounds very technical. but it has very real world consequences because it very much could affect the money, the checks that social security recipients in particular get every single month because it effectively changes inflation so it changes the formula from what they would get. >> significant differences between the white house proposal on this part of the equatio
committee following a leadership of chairman clinton. we are in a tight schedule and 5 like to call up senator kc. i would be remiss if i did not recognize the presence here today of lieutenant-colonel larry lerlach. he was commander of an amphibious unit in lebanon. in october of 1983 hezbollah terrorists drove two trucks and exploded the american and french marine barracks. he survived it, 241 american women did not. he is here today with us. we thank you so much for your service and honoring us. [applause] >> welcome again to the foundation for defense of democracy's annual washington forum. my name is kenneth schwartz. i have the pleasure of introducing distinguished public official robert kc, senior senator from the state of pennsylvania. you served since 2007 as chairman of near east and south asia subcommittee, senate foreign relations committee only in the first term. one can scarcely imagine a more challenging time, the past two years in the middle east have seen wars in international borders, collapse of regimes in decades and the rise of political movements that may yet turn
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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